Sharechat Logo

'Invest offshore'

By Graeme Kennedy

Friday 21st March 2003

Text too small?
UK-based Bankers Investment Trust fund manager Alex Crooke has been in New Zealand advising institutional investors now is the right time to invest offshore.

Bankers, a subsidiary of Henderson Global Investors which has £110 billion in funds, manages £330 million, including 5% from New Zealand where it is NZSE-listed at about $6 ­ down from a 2000 peak of $13.

But Mr Crooke said with a dividend yield of 3.5% in a bear market, it was one of the best-performing funds available.

"Now is an interesting time to invest overseas. A strong kiwi dollar can buy more assets and there are many opportunities emerging such as China where western companies are outsourcing their manufacturing facilities, rather than produce at home in Europe or the US, as it is much cheaper there.

"And in Europe, where expectations are so low with the economic downturn and the Iraq situation that the market has become fixated with doom and gloom, stocks are cheap but include many basically good, large and strong companies with opportunities to grow.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Rio Tinto decision following strategic review of Tiwai
Contact says smelter closure is ‘disappointing’
South Port (SPN) Statement on NZAS Tiwai Point Aluminium Smelter Closure
Rio Tinto announcement on Tiwai Aluminium Smelter
Me Today announces equity raising to accelerate growth
Scott Technology Trading Update; Rising to the COVID Challenge
New non-binding indicative offer received from apvg, shareholder meeting deferred
U.S. Added 4.8 Million Jobs in June as Reopened Businesses Rehired
Auditors have a duty to be alert to fraud
Strong sales recovery but uncertainty remains over economic outlook and potential second wave of COVID-19

IRG See IRG research reports